AIM proudly supports Dollars for Scholars and the many ways you serve more than 500 communities nationwide.
You should be aware however, that your activities can put you at risk for lawsuits that can devastate you financially. That’s why AIM has created an insurance program to meet the specific needs of Dollars for Scholars groups just like yours.
Common risks for groups like DFS include injuries, theft, property damage, embezzlement and more.
We make it easy for you and your group to obtain affordable, quality insurance covering your specific needs. We offer General Liability with Accident Medical, Directors and Officers Liability, Bonding and Property Insurance and can help you to determine the types of coverage you need.
Trust the professionals at AIM to provide you with the ideal solution for your group’s unique insurance needs.
Event Insurance (General Liability) coverage protects you from lawsuits if someone was injured at one of your organization’s activities and held you responsible.
The liability limit for a lawsuit is $1,000,000 or $2,000,000, with no deductible. Some activities covered include skating parties, fall carnivals, bounce houses, dunking booths, fun runs, auctions and more. Injuries resulting from transportation are not covered.
General Liability coverage also has a separate component that gives insureds access to a minimum of $5,000 in medical payments even if no lawsuit has been filed for injuries sustained at one of your organization’s activities.
A Medical Payments limit of $5,000 is included in every General Liability Policy. Options for increased Medical Payments limit are $10,000, $25,000, and $50,000, with no deductible.
Media Liability- We also offer Social Media Liability Coverage as a supplement to your General Liability policy. This coverage is designed to protect you from liability in the event you accidentally misuse or disclose information on your website or other social media site. This includes misuse of the logo, copyright, pictures, confidential information and other misrepresentations or misappropriations.
Embezzlement Insurance (Bond) coverage protects your money. It covers anyone who your organization trusts with the money whether it’s a President, Treasurer, board member, volunteer or courier. If that person embezzles (runs off) with your money, this coverage would replace those missing funds. Standard bond limits are $10,000, $25,000, and $50,000, with a $250 deductible.
(Higher limits are available; Contact AIM for pricing)
The Business Personal Property (Inland Marine) coverage protects your raffle merchandise, auction items, and fundraising supplies while these items are in your possession. This coverage also protects any personal property of your organization such as popcorn machines, snow cone makers, school store supplies, emergency relief supplies, and more. The Inland Marine coverage limits are $10,000, $25,000, and $50,000, with a $250 deductible.
Professional Liability (Officers Liability) coverage protects the organization from lawsuits for “wrongful acts.”
If someone sued the officers of your organization for mismanagement, misrepresentations, dissemination of false or misleading information or inappropriate actions, this coverage would pay to defend you.
This coverage is also referred to as Directors and Officers Liability (D&O). The coverage limit is $1,000,000 with a $0 deductible.